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For The Low, Low Price Of $29.95, You Too Can Run Your Very Own Plunge Protection Team
1,000 copies were shipped to all the recently hired traders at the New York Federal Reserve.
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Will you take a post dated carry trade?
Chicago, Illinois
Hmmm.......
Thought the same thing. Pretty cheap for calamari.
...so effective and easy to use that a trader with literally no experience can be up and running in one day and bankrupt in two...
"Did you ever wish for a crystal ball that the market is going up or going down?"
Uh, no actually -- anyone can just check realtime quotes for that. What I'd really like is something that tells me when the market is *going to go* up or down.
...and then of course I'd like a 1000 CPU beowulf cluster capable of executing 100,000 trades during that nanosecond of advance notice.
But such a toy would cost a bit more than $29.00
The far bigger question -- and one that I think should be addressed by Zero Hedge is: How much would such a toy cost?
Beowulf clusters aren't all that expensive. And custom trading software will set you back a bunch -- but how much? Co-location across from the exchange is probably hard to come by -- but how hard?
These are important questions to answer for one reason: The only way to stop front running (via HFT) is to reduce the advantage of the HFT players through competition.
Nature abhors a vacuum. So let's fill it. How much *does* it take to build one of these puppies? Let's find that out, run a cost/benefit on it, publish it -- and let the boys at GS stare in horror as their magic box goes open source.
Get with the times. Processing is now done by the video cards.
Monitoring 5000 stocks for range compression leading to breakout is trivial. I'm at a loss what ZH readers have with such a system.
Also fix the fucking captcha system. It's clearly broken when it comes to minus signs in the answer.
"Monitoring 5000 stocks for range compression leading to breakout is trivial."
Seriously? That's what you think HFT is? Lol?
Why colocation across from the exchanges?
Just being in the same city is plenty good enough.
A cluster co-located at an AT&T data center in Manhattan with OC48 connectivity in the cage would give round trip times in the low tens of millisecond range.
If that's not fast enough then you probably should be rethinking your strategy.
For those smarty-pants HFT guys, location matters a great deal. Data takes time (yes, a very small amount, I know) to travel, therefore when doing 100,000 trades per second, the time adds up.
If those microscopic price fluctuations matter, then so do the almost immeasurable time delays.
It doesn't matter that much. If it matters to them it's because they have no idea how their systems and networks actually work.
The time difference between 20 milliseconds and 15 milliseconds is negligable.
And there really isn't going to be much more of a difference whether across from the exchange or across town with a giant optical pipe feeding you.
If anyone is serious I want in. I do networking and Unix admin for big banks, the biggest in Europe right now. This is a project I could really get my teeth into. :)
go to fucking hell. i'm fucking tired of dealing with the hft crowd. and everyone and their mother is a colocation and network deployment export.
the plan seems to be, hire a really smart group to build out network and systems, then fucking jettison them once things are up (or running as smoothly as their little brains can comprehend).
and gun-for-hire fuckers like you don't make it any better, by going along with it on a per-hour basis. it's turned into a fucking arms race, of who can build a faster trigger with the slower, more deliberate, cautious folks getting fucked out of their money (hello you and me).
hey, that's capitalism, right? fuck the country's economical state or its future, as long as my can't-see-further-than-short-term-gains bitch ass gets my money, it's all good, no?
Waaaaah? As in stop your crying you little bitch.
Your attrocious spelling kind of ruins your post.
Better luck on that next time.
Is a "Fractal Metanet" an accurate term about anything in the real world?
My sister dated their bass player. He was a jerk
"Predictor package with 21 different packages."
LOL, suckas!! Mine has 22....
But do you have the LOLerCopter plugin?
SOI SOI SOI SOI SOI SOI
I thought State Street traded for the FED! Are you sure this isn't a paid advertisement ?!!
State Street trades for most of the worlds governments and Fortune 100 companies, not to mention all of your States and most of your cities.
I used to work for them on their FIX and online trading systems.
It is beyond my comprehension that the Federal Reserve has even has traders... how can you be responsible for setting monetary policy for our nation... yet be playing in all the markets... that is the quintessential definition of pure unadulterated insider trading.
It's ok. The FED has too much ass on the line so it's going to empower you with it's insider trading technology and make it your ass on the line. It likes keeping the good part of the scam secret but then spread the blame around when it's dump time.
Tyler, I'd give you $29.95 for a pile of smokin' crap, but these guys - how do I know that their crap smokes??
I won't be wronged, I won't be insulted, and I won't be laid a hand on. I don't do these things to other people, and I require the same from them.
Books
"no expensive data feeds". must be co-located. nice.
SMELLS LIKE FISH IN HERE!!!!!!!!!!!!!!!!!!!!!!
"Did you ever wish for a crystal ball that can tell you when the market is going up or down?"
Are they reviving ouija boards?
Hard to say if they are your counter party?
Run it on ReactOS (Kernel level debugging) ;) to find the easter eggs.
http://www.reactos.org/en/index.html
Sniff the data stream to see what data you're really sending them:
http://www.wireshark.org
Wow..A quant trading system.
However their e-commerce store...is a yahoo store. Ha!
http://www.fractalfinance.com/
i couldn't figure out what to get my family this year for christmas. ah hahhh!!!
i ordered 6 'quant trader' packages with $20 included to get them all started. when they are all billionaires next year, maybe they can buy me that shelby cobra i always wanted.
Do they accept payments in California IOUs?
Damn. Guess I didn't need that stochastic calculus after all.
Gotta think that other quant firm in Chicago (Citadel) is bummin' right about now, too. For $29.95, it could have helped Kenneth Griffin avoid his 55% slide in 2008.
The Onion?
These guys are just making add-ons for Metastock and TradeStation; nothing new there. Neural nets, fractals, and chaos theory has been available to retail traders for a while. With a system like theirs, you still need to design and back test properly (which most people dont know how to to do). Linear or non-linear, you would still pretty much be doing some serious curve fitting. Even if you did know how to design and implement a proper system, you would still be stuck in the low frequency world as running chaos functions in real time takes some serious computing power and data feeds not available to individuals or small funds due to cost. With Chaos theory, you are looking to curve fit for sometimes 1-2 minutes, other times less, you also need some serious statistic power to know when to extinguish the equation and start again.
111 West Jackson Blvd., Chicago, IL. ???
isn't that Rod Blagojevich's address?
i was wondering what Mr. Hairdo was up to lately.
Is the Quant Trader game an update of the Monopoly game? I'll be looking for it in Toys R Us.
Looks like a good piece of software. Sophisticated and easy to use. Also, do not forget to check out http://invetrics.com
There is no software to install. You just login to the web site and get a list of Long and Short signals for the day.
time123
Just identify a TREND and stick with it.
That can be a good 'predictor' I reckon.
Learn TA and draw some trendlines.
http://www.zerohedge.com/forum/market-outlook-0